The Atlanta Public School District will receive the most cash in the city’s history next year thanks to a $3.3 billion district-wide expansion that’s slated to include two new schools, according to the Atlanta Journal Constitution.
The district’s $3 billion budget for the coming fiscal year was announced last month, but the Atlanta Business Chronicle reported earlier this month that the school board was expecting to receive a total of $5.3 million in cash this year.
That’s more than the district received last year, but not as much as some other Atlanta districts received, including Cobb County’s $4.9 billion budget.
According to the AJC, Atlanta received $4 billion in new money last year from the city and counties, and that number will jump this year as the city expands the existing Fulton County schools.
The Atlanta school district’s budget includes a $1.9 million increase for the Atlanta Regional Commission (ARC) as well as a $300,000 increase for Fulton County to help fund additional teachers.
ARC funds will be used to hire more teachers, including those who will work for new schools.
A portion of ARC funds were earmarked for the expansion, which includes new schools in the Southside and Southeast neighborhoods.
“We believe the school district is on a path to be one of the most successful in the nation, and we’re thrilled to be helping bring our students a new home,” district spokesperson Stephanie McCarty told the AJA.
The new school buildings will be named after Atlanta’s famous baseball player, pitcher and coach Babe Ruth, who died in 1941.
“This is an exciting day for all of us here in the district, and especially for the students and staff that will get to know them and their new neighbors,” said ARC Executive Director and Mayor Kasim Reed.
The newly opened schools will be located at the former Atlanta Field House, which opened in 1946, and the new stadium will be renamed the Atlanta-Fulton County Stadium, which will seat about 30,000 people.
The ARC has received a total $6.9.9 in cash since last fiscal year.
The city received $3,743,741 in ARC funds from last year.
Other schools receiving money from the ARC include the city-owned College Park Academy and the Georgia Institute of Technology, as well the Cobb County School District.
The county will receive a combined $1,633,500 from ARC funds, and Atlanta’s other districts will receive more than $1 million each, according the AJCA.